With so much emphasis put on how the United States must import its oil and gas and the political capital spent discussing the nation’s dependence on foreign oil, it must surely come as a shock to consider the United States as a dominant force in the oil market. But that is exactly what the data seems to tell.
According to the International Energy Agency, the estimates of the amount of shale oil that is technically recoverable was underestimated – by a whopping 30%. That extra 105 billion barrels means that by the year 2025, American oil will be on par with what Saudi Arabia was able to achieve at the height of its expansion. American natural gas will surpass what the former Soviet Union was able to achieve. So, while Americans are still (and likely will remain) the biggest consumers of fossil fuels, the country will turn into the biggest exporter of fossil fuels as well. What does this mean for the industry?
The rough and tumble couple of decades in the oil industry have created a much leaner “machine” in terms of American oil production. Having survived the bust years, the boom years ahead will return serious profits to businesses. Now is the time, though, to make sure that quality takes care of the quantity.
What does that mean? Examining the equipment needed to produce proper quality will be critical in the boom years ahead. For example, the Komax Custody Transfer Mixer, installed upstream of the crude oil sampling transfer line, ensures that the bottom sediment and water is thoroughly mixed throughout the crude oil stream. An even droplet size and distribution is available over a wide flow and pipe size range. This ensures a repeatable and representative oil sampling process – an absolute must in the industry.
Take advantage of the boom years by using the best equipment possible to ensure quality.